(Entertainment-NewsWire.com, June 14, 2017 ) According to the report Global Food Preservatives Market, published by Market Data Forecast, the global market is projected to reach USD 3.69 billion by 2021 from USD 3.15 billion in 2016, at a CAGR of 3.2%.
Food is so important for the survival, so Food Preservation Market Size is one of the oldest technologies used by human beings to avoid its spoilage. Different ways and means have been found and improved for the purpose. Boiling, freezing & refrigeration, pasteurizing, dehydrating, pickling are the traditional few. Sugar, mineral salt and salt are also often used as preservatives food. Nuclear radiation is also being used now as food preservatives. Modified packaging techniques like vacuum packing and hypobaric packing also work as food preservatives.
All of these chemicals act as either antimicrobials or antioxidants or both. They either inhibit the activity of or kill the bacteria, molds, insects and other microorganisms. Antimicrobials prevent the growth of molds, yeasts and bacteria and antioxidants keep foods from becoming rancid or developing black spots. They suppress the reaction when foods come in contact with oxygen, heat, and some metals. They also prevent the loss of some essential amino acids some vitamins.
The factors influencing the Global Market for Food Preservatives Market, either positively or negatively are presented in the DROC analysis. Increase in population and change in food consumption habit is driving the demand in market for various segments of food and beverage industry, which in turn, is driving the market for food preservatives. Expanding processed foods market and penetration of organized retail sector are also major factors contributing to the market growth. Increase in consumer awareness on the ill effects of chemical preservatives is driving the market for natural preservatives. Increase in consumer awareness on the ill effects of synthetic ingredients, stringent government policies and intervention regarding the usage of chemical preservatives is restricting the growth of the global food preservatives market. Also, rising consumer preference for ‘natural preservatives’ is increasing R&D spending on the market. For granular level understanding, the Food Preservatives Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segments. • By Type • Natural • Synthetic • By Function • Antimicrobials • Antioxidants • Chelating and enzyme inhibitors • By Application • Beverages • Oils & fats • Bakery and Confectionery products • Dairy & frozen products • Snacks • Meat products • Poultry products • Seafood products • Other food applications
Geographically Global market for food preservatives is segmented into North America, Asia Pacific, Europe, Latin America, and Middle-East and Africa. Global food preservatives market is dominated by North America with a share of 33%, while the Asia-Pacific region is growing at the highest CAGR.
• North America Food Preservatives Market • Europe Food Preservatives Market • Asia-Pacific Food Preservatives Market • Latin America Food Preservatives Market • Middle East and Africa Food Preservatives Market
Major companies are partnering with diverse set of suppliers to boost their markets. BASF SE, Cargill Incorporated, Celanese Corporation are the major players in the Global market. Other important companies include Chr. Hansen A/S, Kerry Group, Koninklijke DSM N.V, The Archer Daniels Midland Company, Corbion N.V., DuPont and JEY’S F.I. Inc.
The Food Preservatives Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming • Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses • A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Additives Segment:
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
